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Nepal’s first billionaire for economy-based politics

  • Published at 01:38 pm June 30th, 2013
Nepal’s first billionaire for economy-based politics

Nepal’s first billionaire Binod K Chaudhary said unless the economy was placed on the centre of politics, potentials of development of a country will remain widely unexplored.

He was speaking at a function in Dhaka on Friday, organised by International Chamber of Commerce, Bangladesh to felicitate him on securing a place as the first Nepalese on Forbes’ billionaires list.

Binod K Chaudhary said Nepal and Bangladesh have enormous opportunities to achieve developments in different sectors.

But he was frustrated that these two SAARC nations still have no direct trade relations. “Although we have a SAARC Chamber, Bangladesh-Nepal direct trade is a big challenge yet.”

He stressed the need to bring the economy into the centre stage of politics to ensure development utilising the potentials.

According to the US magazine Forbes, 57-year-old industrialist Binod Chaudhary has a net wealth of US$1bn.

The billionaire, who took over the family’s import-export business and turned it into a global conglomerate, said: “The members of SAARC Chamber should work together while Bangladesh and Nepal could find a new direction to create a millstone in this region.”

He regretted that although Nepal has large hydro-electric power projects, it needs to import power from other country.

“So, there is no alternative to proper utilisation of resources and opportunities,” the industrialist asserted.

Chaudhary, best known for his flagship brand Wai Wai noodles which was launched in Nepal in mid 1980s and now sold in 30 Asian countries, said urged the business people to invest their trade skills in social development.

“If we use our business skills in social development, rewards will be manifold.”

Sir Fazle Hasan Abed and ICC Bangladesh president Mahbubur Rahman, among others, also attended the function. 

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